About this home

A spacious two-family property ideally located in the heart of Newport's Yachting Village, 10 Hammond Street presents a unique opportunity in one of Newport's most desirable locations. The property offers a proven seasonal rental history, strong income-producing potential, and the flexibility for continued investment or a future single-family conversion. The property features a first-floor two-bedroom, one-bathroom apartment and a second- and third-floor four-bedroom, two-bathroom apartment. Each unit has separate utilities and heat systems. Additional amenities include off-street parking, a detached two-car garage, and desirable outdoor space-valuable features in downtown Newport. For an investor, 10 Hammond Street offers the opportunity to acquire an established two-family property in a highly sought-after location. For an owner-occupant, the existing configuration provides the potential to transition the property into a more substantial single-family residence while retaining the benefits of private parking, a two-car garage, and outdoor space. Conveniently located near Newport's shops, restaurants, waterfront, and downtown attractions, 10 Hammond Street combines location, rental income potential, parking, garage space, and the flexibility to meet a variety of future ownership goals.

Facts and features

Schools

• Rogers High School

  high · 9-12 · 0.7 mi

  4

• Frank E. Thompson Middle School

  elementary · 5-8 · 1.1 mi

  3

• St George's School

  high · 9-12 · 0.4 mi

• Pell Elementary School

  elementary · K-4 · 2.3 mi

  4

• Newport Area Career Tech Center

  high · 9-12 · 0.7 mi

• St Michaels Country Day School

  elementary · K-8 · 1.0 mi

Price history

• Oct 7, 2026 · Listed$1,150,000
• Mar 12, 2026 · Listing Removed—
• Feb 24, 2026 · Price Changed For Rent$3,500
• Feb 21, 2026 · Listed For Rent$7,000
• Oct 24, 2017 · Listing Removed$1,200
• Oct 23, 2017 · Listed For Rent$1,200
• Mar 24, 2000 · Sold$220,000
• Aug 8, 1990 · Sold$152,500

Tax history

• 2025$8,452 tax · $972,700 assessed
• 2023$6,182 tax · $623,200 assessed
• 2022$5,989 tax · $623,200 assessed
• 2021$5,814 tax · $623,200 assessed
• 2020$4,823 tax · $469,200 assessed
• 2019$4,823 tax · $469,200 assessed
• 2018$4,687 tax · $469,200 assessed
• 2017$4,193 tax · $374,000 assessed

Home value

$1,126,700

• Cotality$1,126,700
• Quantarium$1,127,676
• Collateral Analytics$1,117,000

Where it is